Blue Cross Reports $6.2 Million Loss

November 16, 1994|By From staff reports

Higher-than-expected claims and a drop in investment income caused Blue Cross & Blue Shield of Connecticut to lose $6.2 million in the third quarter.

The North Haven-based health insurer and care provider reported Tuesday that the loss on premium income of $255.6 million for the three months ended Sept. 30 was a reversal from a net gain of $7.2 million on $328 million in premium income in the third quarter of 1993.